Now, many Americans prefer socialism over capitalism
April 10th, 2009 - 12:29 pm ICT by ANI ( Leave a comment )New York, Apr 10 (ANI): The financial crisis has hit the United States hard, and media reports point out that the country is leaning toward socialism after the US government taking majority stake in banks, bossing around the auto industry, and floating the possibility of nationalized healthcare.
A new poll suggests that if there were merit to those arguments, many Americans wouldn’t mind, the Daily News reported.
Only a slight majority of American adults believe capitalism is better than socialism, according to the latest Rasmussen Reports national telephone survey.
Asked whether capitalism or socialism is a better system, 53 percent of American adults cited capitalism, 20 percent said socialism and 27 percent said they weren’t sure.
The question posed by Rasmussen did not define capitalism or socialism, which could skew the poll’s results, but the findings appear to reflect the public’s concerns about capitalism in the midst of a recession.
The poll of 1,000 adults nationwide, conducted on Monday and Tuesday, has a sampling error of plus or minus three percentage points.
According to the poll, adults over 40 strongly favour capitalism, while adults under 30 are essentially evenly divided.
Republicans by an 11 to 1 margin believe capitalism is superior to socialism, the poll found.
Democrats are much more closely divided, with 39 percent preferring capitalism and 30 percent backing socialism.
Investors by a 5-to-1 margin said capitalism is better than socialism. (ANI)
- Obama gains popularity among young American voters: Poll - Apr 01, 2011
- Only 13 percent of Americans polled approve of Congress - Dec 16, 2010
- Obama's job approval rating climbs to highest point in year to 53 percent - Jan 13, 2011
- Polls estimate Obama's approval among Americans at 50 percent - Mar 16, 2011
- Over 5 out of 10 young Americans back Obama: Gallup Poll - Oct 05, 2010
- Two polls suggest conservative Tea Party going mainstream - Apr 07, 2010
- Mood among Americans lowest in two years: NYT-CBS poll - Apr 22, 2011
- Only 4 in 10 approve building of new US nuke power plants - Mar 23, 2011
- Parts of Obama coalition drifting toward GOP: Poll - Oct 28, 2010
- Poll: Health care reform is Barack Obama's best and worst - Jan 14, 2011
- Four in ten GOP members believe Obama was born in another country - Aug 05, 2010
- Only one in 100 Americans has confidence in US Congress: Gallup poll - Jul 23, 2010
- American optimism surges tot nearly a four-year high - Jan 26, 2011
- Over five in ten Americans still view George W. Bush as unpopular: USA Today/Gallup Poll - Nov 11, 2010
- Indians frustrated with corruption: Gallup poll - May 17, 2011
Tags: american adults, auto industry, banks, capitalism, democrats, favour, financial crisis, investors, majority stake, midst, national telephone, nationalized healthcare, new poll, percentage points, rasmussen, recession, republicans, sampling error, socialism, us government